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Community Bank System, Inc. - CBU STOCK NEWS

Welcome to our dedicated news page for Community Bank System (Ticker: CBU), a resource for investors and traders seeking the latest updates and insights on Community Bank System.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Community Bank System's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Community Bank System's position in the market.

News
Community Bank System Announces First Quarter 2024 Earnings Conference Call
Rhea-AI Summary
Community Bank System, Inc. (NYSE: CBU) will hold an Earnings Conference Call to discuss its first quarter 2024 financial and operating performance on April 23, 2024. The call will feature President and CEO Dimitar Karaivanov and CFO Joseph E. Sutaris presenting the results. Investors can join via conference call or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
earnings
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News
Community Bank System, Inc. Announces Its Quarterly Dividend
Rhea-AI Summary
Community Bank System, Inc. (NYSE: CBU) declares a quarterly cash dividend of $0.45 per share, with a 4.16% annualized yield. The company, with total assets of $15.6 billion, operates in banking, benefits administration, insurance services, and wealth management across several states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.61%
Tags
dividends
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News
Community Bank System, Inc. Reports Fourth Quarter And Full Year 2023 Results
Rhea-AI Summary
Community Bank System, Inc. (NYSE: CBU) reported a decline in net income for the fourth quarter and full year of 2023 compared to the prior year. However, the company achieved a new quarterly record for total revenues and experienced growth in total financial services revenues. Despite a decrease in ending deposits, the company saw an increase in ending loans. The annualized loan net charge-offs remained low, and the Tier 1 leverage ratio improved. The company's investor call to discuss the results will be held on January 23, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.14%
Tags
earnings
News
Community Bank System, Inc. Elects Michele Sullivan as New Independent Director
Rhea-AI Summary
Community Bank System, Inc. (NYSE: CBU) announced the election of Michele Sullivan as a new independent director to its Board of Directors, effective February 1, 2024. Ms. Sullivan, a retired partner of Crowe LLP, brings over 30 years of financial industry experience, specializing in risk, compliance, internal audit, technology, strategic acquisitions, merger integration, and governance matters. Her appointment reflects the Board’s focus on enhancing experience and diversity. Ms. Sullivan will serve on the Board’s Audit Committee and Risk Committee, bringing valuable expertise to the Company and its subsidiaries.
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End-of-Day
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News
Community Bank System Announces Fourth Quarter and Full Year 2023 Earnings Conference Call
Rhea-AI Summary
Community Bank System, Inc. (NYSE: CBU) will hold an Earnings Conference Call to discuss its financial and operating performance for the fourth quarter and full year ended December 31, 2023 on Tuesday, January 23, 2024 at 11:00 a.m. Eastern Time. The call will be led by incoming President and CEO Dimitar Karaivanov and CFO Joseph E. Sutaris. The company's results for the quarter will be released before the market opens on January 23, 2024, and will also be available on the company's website. The call will be archived on the website for one year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.5%
Tags
earnings
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News
Community Bank System, Inc. Announces Its Quarterly Dividend
Rhea-AI Summary
Community Bank System, Inc. (NYSE: CBU) declares a quarterly cash dividend of $0.45 per share on its common stock, representing an annualized yield of 4.01%. The dividend will be payable on January 10, 2024, to shareholders of record as of December 15, 2023. The company is a diversified financial services firm with total assets of $15.4 billion, operating in banking, benefits administration, insurance services, and wealth management. Its banking subsidiary, Community Bank, N.A., is among the country’s 100 largest banking institutions with over 200 customer facilities across multiple states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
dividends
News
Transamerica Teams with State Street Global Advisors to Help More Americans Become Retirement Ready
Rhea-AI Summary
Transamerica (ARS) joins industry leaders to offer innovative target date series providing lifetime income, with a focus on retirement readiness and addressing the retirement income crisis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.43%
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none
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News
Community Bank System, Inc. Reports Third Quarter 2023 Results
Rhea-AI Summary
Community Bank System, Inc. (NYSE: CBU) reported third quarter 2023 results. Net income was $44.1 million, down $4.6 million from the prior year. Total ending loans were $9.45 billion, up 3.0% from the prior quarter. Total ending deposits were $13.03 billion, up 1.2% from the prior quarter. Total Financial Services revenues were $50.0 million, a new quarterly record. Annualized Loan Net Charge-Offs were 0.05% in the quarter. Tier 1 Leverage Ratio was 9.44%, up 0.09 percentage points.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.44%
Tags
earnings
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News
Community Bank System Announces Third Quarter 2023 Earnings Conference Call
Rhea-AI Summary
Community Bank System, Inc. to hold earnings conference call for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.03%
Tags
earnings
News
Community Bank System, Inc. Reports Second Quarter 2023 Results
Rhea-AI Summary
Community Bank System, Inc. (NYSE: CBU) reported second quarter 2023 results, showing a net income of $48.3 million, or $0.89 per fully-diluted share, which was up $8.5 million from the prior year. Operating Net Income was $49.1 million, or $0.91 per fully-diluted share, up $2.8 million from the prior year. Total Loans increased to $9.17 billion, up $188.4 million from the previous quarter. Financial Services Revenues were $48.3 million, up $1.4 million from the prior year. Annualized Loan Net Charge-Offs decreased to 0.03%, and Tier 1 Leverage Ratio increased to 9.35%. The company will conduct an investor call to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.36%
Tags
earnings
Stock CBU logo
Community Bank System, Inc.

NYSE:CBU

CBU Rankings

#1736 Ranked by Market Cap
#4239 Ranked by Stock Gains
#842 Ranked by Dividends

CBU Stock Data

2.26B
52.64M
1.28%
75.77%
3.39%
Commercial Banking
Finance and Insurance
Link
US
De Witt

About CBU

headquartered in dewitt, ny, a suburb of syracuse, community bank system, inc. (nyse:cbu) is a registered bank holding company with $7.4 billion in assets and approximately 180 customer facilities across upstate new york, where it operates as community bank, n.a. member fdic. equal housing lender. the company's other subsidiaries include: bpas, an employee benefits administration and consulting firm with offices in upstate new york, pittsburgh, philadelphia, houston and puerto rico; the cbna insurance agency, with offices in three northern new york communities; community investment services, a broker-dealer delivering financial products throughout the company's branch network; and nottingham advisors, a wealth management and advisory firm with offices in buffalo, ny, and north palm beach, fl.